Lion Group Malaysia is headed by chairman and chief executive officer

William Cheng Tan Sri William Cheng Heng Jem or William H.J. Cheng (; born 1943) is the chairman of Lion Group Malaysia, a conglomerate having diversified businesses encompassing retail, property development, mining, steel, agriculture and computer. He is know ...

. Cheng's grandfather founded Lion as a small trading company in

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

after leaving China in the 1920s. It became

Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...

's biggest steel manufacturer after winning a license from the government in 1978. One of the group's biggest investments is Suzuki Assemblers Malaysia Sdn Bhd which manufactures Suzuki motorcycles for the

n market. Between 1997 and 1999 they were also involved in a joint venture with the Nanjing Group, producing the

SEAT Ibiza The SEAT Ibiza is a supermini car that has been manufactured by Spanish car manufacturer SEAT since 1984. It is SEAT's best-selling car. The Ibiza is named after the Spanish island of Ibiza and was the second SEAT model to be named after a Spa ...

-based

Nanjing Yuejin Soyat The Soyat is a subcompact hatchback built by the Wuxi Soyat (南汽新雅途) branch of Nanjing Automobile (Group) Corporation. The car is based on the original 1984 ('System Porsche') version of the SEAT Ibiza Mark I (1984-1993). History ...

for the Chinese market. Lion Group's key assets in Malaysia are two steel mills with a capacity of 3 million tons a year, a forest concession in

Sabah Sabah () is a state of Malaysia located in northern Borneo, in the region of East Malaysia. Sabah borders the Malaysian state of Sarawak to the southwest and the North Kalimantan province of Indonesia to the south. The Federal Territory o ...

that is four times the size of Singapore, and the Silverstone tyre making business. Lion also has 26

Parkson Parkson Holdings Berhad (doing business as Parkson; ; ) is an Asian-based department store operator with an extensive network of 131 stores as of 2017, spanning approximately 2.1 million m2 of retail space across cities in Malaysia, China, Vietnam ...

department stores in Malaysia, 13 stores in China, and nine breweries in China. The group has offices in Malaysia, Singapore, Indonesia, Vietnam,

Cambodia Cambodia (; also Kampuchea ; km, កម្ពុជា, UNGEGN: ), officially the Kingdom of Cambodia, is a country located in the southern portion of the Indochinese Peninsula in Southeast Asia, spanning an area of , bordered by Thailan ...

, Sri Lanka, the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

and Mexico. In 2010, Cheng acquired 33.5 million shares in Lion Industries Corp Bhd, one of the group's subsidiaries. In 2018, Lion Industries entered into an agreement to acquire the assets of Megasteel Sdn Bhd in an attempt to pay off the latter's debts. Cheng is a shareholder in both companies.

Listed companies in Malaysia

*Lion Corporation Berhad () *Lion Diversified Holdings Berhad () *Lion Forest Industries Berhad () *Lion Industries Corporation Berhad () *Parkson Holdings Berhad (formerly known as Amalgamated Containers Berhad) () *Amsteel Corporation Berhad (public, unlisted) *Silverstone Corporation Berhad (public, unlisted) *New Asia Entertainment Group Berhad (public, unlisted)

References

External links

Official company website

Silverstone Brazil
Conglomerate companies of Malaysia Privately held companies of Malaysia Multinational companies headquartered in Malaysia {{Malaysia-company-stub